Around 60 percent of retail banks in Hong Kong are now deploying network analytics. Some are using this capability to file "super STRs".
May 9, 2023Authorities are also considering co-locating bank staff at the ADCC, as this has helped to reduce stop payment response times and enhance loss recoveries in other jurisdictions like Singapore.
April 27, 2023Financial losses from crypto-related scams accounted for more than half of the total value lost through technology crime last year, police say.
March 9, 2023John Soh Chee Wen and Quah Su-Ling were sentenced to 36 and 20 years in jail, respectively, for manipulating three penny stocks ten years ago.
January 3, 2023Two individuals were convicted on 349 charges for controlling and using 187 trading accounts to manipulate three penny stocks before they collapsed in October 2013.
May 6, 2022Online banking, electronic payment services and cryptocurrency wallets have made it more difficult to recover scam proceeds.
January 27, 2022The ex-financial adviser obtained over A$1.5 million from Nulis Nominees, the trustee for the MLC Super Fund, on behalf of 168 clients.
March 3, 2021More than 10,000 bank accounts are believed to have been used in 2020 to collect and launder the funds before being channelled out of Hong Kong.
February 22, 2021The judge ruled that the evidence provided by prosecutors was not sufficient to prove there was any attempt to deceive the stock exchange or Convoy directors or investors.
December 2, 2020Ex-KTL Global CEO Tan Kheng Yeow and OCBC Securities trading rep Tan Chun Yong are said to have been involved in a conspiracy for false trading.
October 30, 2020